CEO Guilty in Iraq USAID Fraud

By John Lee.

The former CEO of US-based engineering consulting firm Louis Berger Group has pleaded guilty to overbilling for reconstruction contracts in Iraq and Afghanistan.

Bloomberg reports that Derish Wolff, 79, admitted that he conspired to defraud the U.S. Agency for International Development (USAID) over nearly 20 years, enriching himself and his company with money intended for important reconstruction projects.

Wolff is scheduled to be sentenced on 20th March, and could face up to 10 years in prison.

(Source: Bloomberg)

(Corruption image via Shutterstock)

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